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Showing posts from August, 2023

BANK INTEREST RATE RISE

A. Read the article below and replace the word in blue for its right synonymous: Carregando… 🔗Business vocabulary by @seabraidiomas Reading HSBC profit more than doubles as interest rates rise By Peter Hoskins Business reporter Image credit:  Image by <a href="https://www.freepik.com/free-photo/hand-holding-growth-arrow-with-coins_11383316.htm#query=profit&position=2&from_view=search&track=country_rows_v1">Freepik</a> Banking giant HSBC's profits have more than doubled as it benefited from rising interest rates around the world. The London-based lender posted a pre-tax profit of $21.7bn (£16.9bn) for the first six months this year, compared to $9.2bn a year earlier. That figure was also boosted by a $1.5bn provisional gain from its purchase of collapsed Silicon Valley Bank's British business (SVB UK). Central banks have increased interest rates as they try to curb price rises. "There was good broad-based profit generation around the world...